ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2271%/8h= +248.6% APRnext payment +$2.84 per $10,000 · paid last 24h −0.040%

Price spread now: Kraken Futures against GMX+0.267%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and Kraken Futures is 0.267% dearer against GMX than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.8367	L +0.0238% / S −0.3359%	pay 0.0030% / 1h	0m 07s	$8K	—	100x
Short	Kraken Futures PF_ORDIUSD	4.8496	0.2509	get 0.0314% / 1h	0m 07s	$65K	$42K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.267%Rate

Funding earned: $476.84
Price spread: +0.267% → 0.000%: $26.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $481.5
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

GMX and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORDI on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ORDI-USD	0.0000%	1h	4.8354	−0.027%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−5.823%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0069%	4h	4.8330	−0.076%	$605K	$298K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8413	+0.096%	$704K	$645K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8337	−0.062%	$5K	$415K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8374	+0.015%	$9.8M	$30.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8340	−0.055%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8330	−0.076%	$5.2M	$16.1M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8330	−0.076%	$1.2M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8390	+0.048%	$7.0M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8346	−0.043%	$924K	$824K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8360	−0.014%	$2.8M	$2.9M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8350	−0.034%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8308	−0.121%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8290	−0.158%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8350	−0.034%	$88K	$363K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8374	+0.015%	$4K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0238% / S −0.3359%	1h	4.8367	long leg	$8K	—	100x
Kraken Futures PF_ORDIUSDshort	+0.2509%	1h	4.8496	+0.267%	$65K	$42K	25x